Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Net asset valuation

Legal area

Court

14 Oct 1997

BRIAN DLUGASH v. ED MAYERS

Citation

BRIAN DLUGASH v. ED MAYERS
Court

Court of Appeal
Case number

CACV137/1997

Mr. Dickson was properly asked to determine a fair net asset value and the adjustments he made in respect of the Resource International, Hansei and insurance items were within the scope of his authority and relevant to that task; no error was shown that warranted interfering with his determinations, therefore the appeal is dismissed.
9 Oct 1992

JOHN GILBERT v. PRAGUE ENTERPRISES LTD AND OTHERS

Citation

JOHN GILBERT v. PRAGUE ENTERPRISES LTD AND OTHERS
Court

Court of First Instance
Case number

HCA2200/1985

Net asset valuation as at the relevant date is appropriate; contemporaneous sales and Mr. Fahys letter are unreliable and excluded; no majority control premium justified because there is no evidence of goodwill or maintainable earnings; damages for the plaintiff's 51% shares assessed at HK$176,225 with interest and costs.